Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $59.21 and last traded at $58.80, with a volume of 1500386 shares traded. The stock had previously closed at $57.84.
Analyst Ratings Changes
Several research firms have weighed in on IBKR. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday. Piper Sandler cut their target price on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays reiterated an "overweight" rating and issued a $65.00 target price on shares of Interactive Brokers Group in a report on Thursday. Finally, Bank of America lowered their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.25.
View Our Latest Analysis on IBKR
Interactive Brokers Group Price Performance
The company has a market cap of $100.21 billion, a P/E ratio of 32.05, a P/E/G ratio of 3.04 and a beta of 1.25. The company's 50-day moving average price is $52.07 and its 200-day moving average price is $48.73.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.
Interactive Brokers Group Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, May 30th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 17.30%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in Interactive Brokers Group by 1,434.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,688 shares of the financial services provider's stock valued at $298,000 after acquiring an additional 1,578 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Interactive Brokers Group by 151.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock worth $48,000 after buying an additional 157 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Interactive Brokers Group by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider's stock worth $3,005,000 after buying an additional 990 shares during the last quarter. Rovida Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $17,652,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $242,000. Institutional investors own 23.80% of the company's stock.
Interactive Brokers Group Company Profile
(
Get Free Report)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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